Ingalls & Snyder LLC Cuts Stock Holdings in Getty Realty Corp. (NYSE:GTY)

Ingalls & Snyder LLC trimmed its position in shares of Getty Realty Corp. (NYSE:GTYGet Rating) by 3.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 241,856 shares of the real estate investment trust’s stock after selling 9,520 shares during the quarter. Ingalls & Snyder LLC owned 0.53% of Getty Realty worth $7,761,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. UMB Bank N A MO purchased a new position in shares of Getty Realty in the 4th quarter worth about $25,000. Spirit of America Management Corp NY purchased a new position in shares of Getty Realty in the 4th quarter worth about $32,000. Mitsubishi UFJ Trust & Banking Corp boosted its holdings in shares of Getty Realty by 226.8% in the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,062 shares of the real estate investment trust’s stock worth $34,000 after buying an additional 737 shares during the last quarter. Penserra Capital Management LLC purchased a new position in shares of Getty Realty in the 3rd quarter worth about $81,000. Finally, Van ECK Associates Corp boosted its holdings in shares of Getty Realty by 70.6% in the 4th quarter. Van ECK Associates Corp now owns 3,170 shares of the real estate investment trust’s stock worth $102,000 after buying an additional 1,312 shares during the last quarter. 71.77% of the stock is currently owned by institutional investors.

Shares of GTY traded up $0.76 during midday trading on Tuesday, hitting $27.59. 170,946 shares of the company traded hands, compared to its average volume of 279,911. The stock has a 50-day moving average of $27.80 and a 200-day moving average of $29.53. Getty Realty Corp. has a one year low of $24.66 and a one year high of $34.21. The firm has a market cap of $1.29 billion, a P/E ratio of 20.44 and a beta of 0.85. The company has a debt-to-equity ratio of 0.84, a current ratio of 2.91 and a quick ratio of 2.91.

Getty Realty (NYSE:GTYGet Rating) last announced its quarterly earnings results on Wednesday, April 27th. The real estate investment trust reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.46 by ($0.07). Getty Realty had a net margin of 40.45% and a return on equity of 8.85%. The company had revenue of $38.98 million for the quarter, compared to the consensus estimate of $39.78 million. During the same quarter in the prior year, the company earned $0.47 earnings per share. Sell-side analysts forecast that Getty Realty Corp. will post 2.11 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 7th. Investors of record on Thursday, June 23rd will be given a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 5.94%. The ex-dividend date of this dividend is Wednesday, June 22nd. Getty Realty’s dividend payout ratio (DPR) is 121.48%.

A number of brokerages recently issued reports on GTY. Bank of America cut Getty Realty from a “neutral” rating to an “underperform” rating and lowered their price objective for the company from $34.00 to $31.00 in a research note on Thursday, January 20th. StockNews.com upgraded Getty Realty from a “hold” rating to a “buy” rating in a research note on Wednesday, May 4th. Zacks Investment Research upgraded Getty Realty from a “sell” rating to a “hold” rating in a research note on Tuesday, April 5th. Finally, JMP Securities began coverage on Getty Realty in a research note on Tuesday, May 10th. They issued an “outperform” rating and a $32.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $32.60.

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Institutional Ownership by Quarter for Getty Realty (NYSE:GTY)

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